Nitin Dhiman
Holding period question for 1031 exchange
Hello experts,I believe that for a full tax deferral of profits through a 1031 exchange, I need to have occupied the property for at least 2 of the last 5 years. A rental property that own was occupied by me for the f...
Lillie MAnon
Can I get 2 primary mortgages at once/FHA & 5% down conventional
I am interested in buying two properties at once. I live far north and the winters are brutal and so I would like to be able to purchase a second home down south with a conventional 5% down and a duplex using FHA in t...
Mel Haggerty
Rent current home to use towards the purchase of another property
Hi BP nation! I am looking into renting out my current home and purchasing a new one. I've done some reading and spoke to a few people and they have said that it is possible to rent and use that income to show when ap...
Misa Matic
ending lease agreement early, what to do?!
Hello Everyone!My name is Misha, I'm living in sunny Sunnyvale California, with my wife. I'm hoping to get some advice on what are options are in breaking our lease.We have been living here since September 2020, and ...
Michael Furey
Vacation home as a primary residence?
I'm looking to buy a vacation/rental home and trying to figure out how to finance it. Am I able to buy it with an FHA loan to put only 3.5% down if my actual primary residence is in my wife's name? I have no real es...
Mike Irwin
Short term rental
If I buy a property for short term rental and do a cost segregation study to speed up depreciation, can I later decide to convert to a primary residence? Is there time limits to convert, I understand that there may be...
Nathan Fernandez
Question: Requirement for primary residence FHA Loan
Hello BiggerPockets Forums!I currently live in the suburbs of Chicago, and have a mortgage on my house. I am looking into ways to purchase real estate with little money down.I work downtown, and it is a 1.5 hour commu...
Yawiney Yawiney
Capital gains question
I'm about to make over 500k on the sale of my home. It's been owner occupied for the past 2 years and my income in '18 and 19 has been very low. Under 20k.With that low income, can i still be charged capital gains?I...
Isabella Romano
DTI issues applying for new loan- HELP
I am looking to buy a new property and am running into issues getting qualified for conventional loaning due to high DTI. I have a rental property which cash flows, however on my last tax return I had reported the reh...
Juan Garcia
Texas and its Section 50(a)(6) Refinance Matrix and Summary Guidelines
Little bit of a backstory.
- One of my brothers (A) signed for a property for my other brother (B) which will not qualify due to his low credit score. Recently my brother (B) got divorced and will have to payout his...